What?
October 1, 2009 | alternatives, federal legislation, industry | Comments (0)The Mortgage Bankers Association (MBA) put out this release in conjunction with yesterday’s CFPA hearing:
In its statement, MBA endorses an approach to protecting consumers that incorporates parts of the committee’s proposals buttressed by pieces of MBA’s Mortgage Improvement and Regulatory Act (MIRA). MIRA would assign regulation of non-depository mortgage lenders and mortgage brokers and implementation of a uniform mortgage lending standard to a federal prudential regulator.
Do they speak English at the MBA?
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